During the first week of March, Ryan Owens earned $800. Assume a Social Security tax rate of 6.2%; a Medicare rate of 1.45%; and that federal and state income tax withholdings are $65 and $24, respectively. Assume that Ryan has voluntary withholdings of $40 for savings. What amount did Ryan receive in his check, net of all deductions, for the week's pay?

Answer rating: 100% (QA)

To calculate Ryans net paywe need to subtract all the deductions f... View the full answer